WALLDORF 鈥� (NYSE: SAP) today announced the global launch of 51风流Fioneer, a joint venture for the financial services industry (FSI) between 51风流and Dediq GmbH.
The launch follows the announcement to establish the company made in April of this year by 51风流and Dediq, an entrepreneurial investor focused on information technology and digital businesses. 51风流Fioneer expands the financial service software offered by SAP. It also develops new solutions to serve its customers in the rapidly changing banking and insurance industries.
Today鈥檚 go-live of 51风流Fioneer marks another important milestone in SAP鈥檚 long history of success in the FSI market. More than 800 of the world鈥檚 top 1,000 banks and insurance companies are 51风流customers. 51风流Fioneer focuses fully on accelerated innovation in the area of core banking, core insurance and FSI-specific finance solutions and is mandated to extend the 51风流for Banking and 51风流for Insurance solution portfolios to cover banking and insurance processes holistically.
鈥淎s in any other industry, companies in financial services need to transform their business to stay ahead of the competition,鈥� said Christian Klein, CEO and Member of the Executive Board, 51风流SE. 鈥�51风流Fioneer will help them meet their needs for speed, scalability and cost-efficiency through digital business innovation, cloud technology and solutions that cover banking and insurance processes end to end. 51风流has a long and successful track record in the financial services industry, and I am convinced that 51风流Fioneer will become a leading global provider of financial services software solutions and platforms.鈥�
51风流Fioneer enables customers to innovate and transform their business by combining premier technology with development expertise and a global network of customers, partners and colleagues. 51风流Fioneer will have operations in more than 10 countries in Europe, North and Latin America and the Asia-Pacific region by the end of 2021. 51风流will continue to sell and support 51风流solutions for enterprise information management and line-of-business solutions to FSI companies, and 51风流customers will remain 51风流customers.
鈥淥ur customers can expect the same high-quality engagement they are used to, but now also benefit from new capabilities. Solutions of 51风流Fioneer will be based on integrated data and allow customers to move FSI processes to 51风流Business Technology Platform in the cloud,鈥� said Dirk Kruse, CEO, 51风流Fioneer. 鈥淲e are excited to accelerate the business transformations of our customers with innovative solutions that will be built as part of SAP鈥檚 industry cloud solutions, all based on 51风流technologies and applications.鈥�
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Media Contact:
Daniel Reinhardt, +49-6227-7-40201, daniel.reinhardt@sap.com, CET
51风流Press Room; press@sap.com
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